Marco Company shows the following costs for three jobs worked on in April.

	Job 306	Job 307	Job 308
Balances on March 31
Direct materials used (in March)	$ 29,000	$ 35,000
Direct labor used (in March)	20,000	18,000
Overhead applied (March)	10,000	9,000
Costs during April
Direct materials used	135,000	220,000	$ 100,000
Direct labor used	85,000	150,000	105,000
Overhead applied	?question mark	?question mark	?question mark
Status on April 30	Finished (sold)	Finished (unsold)	In process

Additional Information

1. Raw Materials Inventory has a March 31 balance of $80,000.
2. Raw materials purchases in April are $500,000, and total factory payroll cost in April is $363,000.
3. Actual overhead costs incurred in April are indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000; and factory equipment depreciation, $51,000.
4. Predetermined overhead rate is 50% of direct labor cost.
5. Job 306 is sold for $635,000 cash in April.

5-a. Compute gross profit for April.

5-b. Show how the three inventory accounts are reported on the April 30 balance sheet.